Currently driving my 07 shitbox with 200k+ miles into the dirt until I can buy an fsd vehicle for practicality and a manual car for fun.
If you’re not a car guy, no need for a fun car. But if you have the means to get something with fsd, why not just start living in the future now?
Thomas Sowell: “It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.”
Most people have no idea how monetization occurs in society
-Store of value
-Medium of exchange
-Unit of account
Usually takes 60 to 100+ years for a regional money to monetize
We’ve never had a fully global monetary standard, so we don’t know how long it takes, but at 17 years, bitcoin is way ahead of schedule
Anyone who tells you bitcoin has failed has no idea how this works or what the history of money is
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Thank you, Bitcoiners!
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I think this is where the framing breaks down.
STRC may be structured as a credit instrument, but that’s not the most useful lens for understanding what’s actually happening.
The deeper function is capital conversion. The instrument exists to attract fiat capital and move it into Bitcoin held on the balance sheet.
Looking at it exclusively through yield, duration, and volatility misses the larger dynamic. The question isn’t simply “How does it compare to cash?” The question is “What happens when trillions of dollars begin converting into a finite asset?”
That’s why many people struggle to understand these products. They’re being analyzed through a credit lens when their primary function is recapitalization.
I think you’re evaluating Strategy as though today’s market structure is permanent.
My view is that MSTR and STRC are mechanisms designed to accelerate Bitcoin’s monetization by forcing capital through the spot market while much of Bitcoin’s price discovery remains trapped in a derivative complex built on synthetic supply.
If that’s correct, then the question isn’t whether STRC gets large. The question is whether Bitcoin reprices before Strategy becomes systemically important to the asset.
Strategy is a bridge, not the destination. Its objective is broader acceptance of BTC as reserve collateral. If that happens, the collateral base becomes distributed across the financial system and Strategy’s relative importance declines over time, even if its balance sheet continues to grow.